PEPE reclaims $2B market cap – Can memecoin FOMO lift altcoins?

Is PEPE the catalyst for Q4’s altcoin cycle, or is the “hype” nearing its end? From a technical perspective, PEPE has been one of the bullish weekly performers, surging more than 10% and returning to the $0.000005 price range. But this is a critical resistance level that PEPE has struggled to overcome since the October crash, which makes it susceptible to a pullback. Notably, the on-chain data further supports this bearish scenario.